Abu Dhabi – Mubasher: Aldar Properties has entered into an exclusive partnership with Nobu Hospitality to develop a new luxury hotel and branded residences to boost Aldar’s Mamsha Al Saadiyat.

Under the collaboration agreement, Aldar will establish a five-star hotel comprising 165 luxurious guest rooms and suites, including the rooftop Nobu Villa, according to a press release.

The hotel is expected to be inaugurated in 2026 and will provide guests and visitors with access to Mamsha Beach, four food and beverage venues, a wellness and fitness centre, swimming pools, in addition to event and conference facilities.

Located beside the hotel, the project includes the first branded Nobu Residences in the Middle East and the second worldwide.

Talal Al Dhiyebi, Group CEO of Aldar, said: “Nobu’s iconic brand, synonymous with luxury and F&B expertise, will not only complement our existing portfolio and offering but will also elevate Saadiyat Island’s prominence and status as a world-class leisure, residential, and cultural destination.”

Al Dhiyebi continued: “The new project activates Aldar’s existing prime landbank in Mamsha Al Saadiyat and will bolster our portfolio of high-quality and recurring income-generating properties across residential, and hospitality and leisure segments.”

In the first nine months (9M) of 2022, the ADX-listed firm registered net profits attributable to the shareholders worth AED 2.02 billion, compared to AED 1.53 billion in the year-ago period.